2012 Senate Bill 1069: Cut tax imposed on business tools and equipment (House Roll Call 864)
Passed 57 to 51 in the House on December 13, 2012, to gradually eliminate the so-called “personal property tax” levied on tools and equipment used by manufacturing firms (including things like assembly lines. Another bill in this package would reduce (but not eliminate) the amount of this tax extracted from commercial businesses, and others would reimburse the revenue that local governments and school districts now collect from it. This property tax on business tools and equipment currently costs Michigan employers around $1.2 billion annually, which over time would fall to about half that amount.
View All of Senate Bill 1069: History, Amendments & Comments
The vote was 57 in favor, 51 against, and 2 not voting.
(House Roll Call 864)
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In Favor
Against
Not Voting
Undecided
Cut tax imposed on business tools and equipment
IN FAVOR
HOUSE DEMOCRATS
none
HOUSE REPUBLICANS
AGAINST
HOUSE DEMOCRATS
HOUSE REPUBLICANS
| Callton (R) | Denby (R) | Johnson (R) | Lori (R) | MacMaster (R) |
| McBroom (R) | Tyler (R) |
HOUSE LEGISLATORS WHO DID NOT VOTE
| Olumba (D) | Womack (D) |
HOUSE LEGISLATORS ALL VOTES
House Roll Call 864 on 2012 Senate Bill 1069
Comments
1) Re: 2012 Senate Bill 1069 (Cut tax imposed on business tools and equipment ) by TaterSalad on December 7, 2012.BREAKING NEWS!
Liberals and the full force of the Democratic Party have just come to terms that "the rich people" are NOW paying their fair share in taxes. There will be NO more debates and statements on this issue while the rich continue to pay their "Fair Share"!
http://blog.heritage.org/2012/07/12/cbo-report-confirms-rich-already-pay-their-fair-share/
I think this will be good for business or at least some of the business. High taxes drove us all in the ground and seeing as they are willing to do something about it means that they can no longer ignore the problem or us. At least now maybe they will start using more custom american apparel services and really promote something homemade. I look forward to seeing what implication that this bill will have on our economy.
Introduced in the Senate on April 17, 2012, to eliminate (starting 2015) the so-called “personal property tax” on tools and equipment used by manufacturing firms (including things like assembly lines), starting with new equipment acquired from the start of 2012. The bill would also phase out the tax on existing equipment over a seven-year period beginning in 2015. This is part of a package comprised of Senate Bills 1065 to 1072, which uses tax revenue that now pays for previously-granted “corporate welfare” tax breaks and cash subsidies to reimburse local governments for the proposed reduction in revenue. The “personal property tax” currently costs businesses statewide around $1.2 billion annually, which would eventually be reduced by around $470 million
The vote was 23 in favor, 14 opposed and 1 not voting
(Senate Roll Call 323 at Senate Journal 0)
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